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"It would be useful if the basic principles of modern monetary theory, if the work of Wynne Godley and his followers insisting on models that maintain stock flow accounting consistency and if Minsky's instability principles were at the core of understanding of these matters. But it is obvious that they are not." — James K. Galbraith

Welcome to MMT Wiki, a Modern Monetary Theory Wiki. MMTWiki.org is being built with the hope of contributing to a public understanding of these basic principles in modern macroeconomics. Please see MMTWiki:Getting started for an introduction to editing MMT Wiki.